3 Bed Semi-Detached House, Refurb/BRRR, Halstead, CO9 1LU, £275,000

Three Gates Close, Halstead, Essex, CO9 1LU - 2 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£200K - £439K
Sold Prices/m²£2.3K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£277,750

 

 

End Value (After Refurb)

£311,802

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£44,609

Bridging Loan Interest

£7,219

Total Cash In

£133,027

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£311,802

Mortgage (After Refinance)

£233,852

Mortgage LTV

75%

Cash Released

£27,602

Cash Left In

£105,426

Equity

£77,951

Rent Range

£995 - £3,200

Rent Estimate

£1,380

Running Costs/mo

£1,270

Cashflow/mo

£110

Cashflow/yr

£1,315

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £439K, average is £263.5K. £2.3K/m² to £4.6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£299.5K06/210.09 mi39, Oak Road, Halstead, Essex CO9 1LS3
£287.5K11/200.14 mi3, Abels Road, Halstead, Essex CO9 1EN3
£270K04/210.14 mi47, Abels Road, Halstead, Essex CO9 1EW3
£230K12/200.15 mi14, Abels Road, Halstead, Essex CO9 1EW3
£299.9K10/210.16 mi14, Blamsters Crescent, Halstead, Essex CO9 1AQ3
£355K11/220.16 mi13, Blamsters Crescent, Halstead, Essex CO9 1AQ3
£225K01/210.18 mi74, White Horse Avenue, Halstead, Essex CO9 1AN3
£260K09/210.19 mi10, Juniper Close, Halstead, Essex CO9 1YF3
£208K01/210.23 mi26, Ramsey Road, Halstead, Essex CO9 1EL3
£240K06/210.23 mi9, Ramsey Road, Halstead, Essex CO9 1EL3
£340K06/230.23 mi4, Ramsey Road, Halstead, Essex CO9 1EL3
£235K07/210.25 mi4, Ronald Road, Halstead, Essex CO9 1NP3
£350K12/220.26 mi33, Conies Road, Halstead, Essex CO9 1BD3
£290K03/230.26 mi6, De Veres Road, Halstead, Essex CO9 1BA3
£265K08/210.26 mi16, De Veres Road, Halstead, Essex CO9 1BA3
£240K02/210.29 mi97, Mitchell Avenue, Halstead, Essex CO9 1DU3
£285K06/230.29 mi13, Holmes Road, Halstead, Essex CO9 1NW3
£275K11/200.29 mi2, Parker Way, Halstead, Essex CO9 1NR3
£270K08/210.32 mi12, Parker Way, Halstead, Essex CO9 1NS3
£255K11/200.33 mi34, Ronald Road, Halstead, Essex CO9 1NL3
£247.5K11/200.35 mi79, Mitchell Avenue, Halstead, Essex CO9 1DT3
£330K11/220.35 mi83, Mitchell Avenue, Halstead, Essex CO9 1DT3
£439K11/200.36 miTown View, Tidings Hill, Halstead, Essex CO9 1BQ3
£335K12/220.39 mi83, Tidings Hill, Halstead, Essex CO9 1ND3
£262K03/210.4 mi97, Windmill Road, Halstead, Essex CO9 1LN3
£258.5K06/210.41 mi43, Godwin Close, Halstead, Essex CO9 1XA3
£260K08/210.41 mi11, Godwin Close, Halstead, Essex CO9 1XA3
£260K02/230.41 mi7, Godwin Close, Halstead, Essex CO9 1XA3
£235K01/210.41 mi16, Spansey Court, Halstead, Essex CO9 1LW3
£259K01/210.43 mi8, Brewery Drive, Halstead, Essex CO9 1EF3
£259K01/210.43 mi8, Brewery Drive, Halstead, Essex CO9 1EF3
£250K07/210.45 mi3, South Close, Halstead, Essex CO9 1NJ3
£245K03/210.45 mi36, Firwoods Road, Halstead, Essex CO9 1NF3
£262K03/210.45 mi4, Rayner Way, Halstead, Essex CO9 1BU3
£200K12/200.45 mi36, Trinity Road, Halstead, Essex CO9 1EB3
£235K04/230.45 mi75, Trinity Road, Halstead, Essex CO9 1ED3
£290K07/230.46 mi60, Windmill Road, Halstead, Essex CO9 1JN3
£215K02/210.48 mi25, Mitchell Avenue, Halstead, Essex CO9 1DN3
£200K02/210.48 mi15, Mitchell Avenue, Halstead, Essex CO9 1DN3
£246.5K03/210.48 mi5, Neale Road, Halstead, Essex CO9 1DL3
£295K03/230.48 mi6, Neale Road, Halstead, Essex CO9 1DL3
£320K09/210.52 mi113, Kings Road, Halstead, Essex CO9 1HH3
£272K10/210.53 mi12, Highfields, Halstead, Essex CO9 1NH3
£355K09/210.54 mi4, Orchard Avenue, Halstead, Essex CO9 1JR3
£310K01/230.55 mi40, Kings Road, Halstead, Essex CO9 1HA3
£320K01/230.56 mi5, Rye Hills, Halstead, Essex CO9 1LY3
£415K08/230.56 mi32, Balls Chase, Halstead, Essex CO9 1NY3
£305K04/210.58 mi5, Balls Chase, Halstead, Essex CO9 1NX3
£310K06/210.58 mi9, Balls Chase, Halstead, Essex CO9 1NX3
£227.5K12/210.6 mi27, Stanstead Road, Halstead, Essex CO9 1YB3

Local Rents

13 rents from £995/mo to £3.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£99512/240.18 miWhite Horse Avenue, Halstead, Essex, CO93
£1,65004/250.45 mi-3
£1,49509/240.57 mi-3
£1,30012/240.7 mi-3
£1,80003/250.8 mi-3
£1,90009/240.8 mi-3
£1,90001/250.8 mi-3
£1,90012/240.8 mi-3
£1,30012/240.81 mi-3
£1,80010/240.81 mi-3
£1,80002/250.81 mi-3
£1,80003/250.81 mi-3
£3,20012/240.94 mi-3

Local Area Statistics

Population in CO9

25,162

Town centre distance

0.66 miles away

Nearest school

0.60 miles away

Nearest train station

5.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £275,000

November 13, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Three Reception Areas +
  • Generous Size Garden +
  • Outskirts of Halstead +
  • In need of modernisation +
  • No Onward Chain +
  • Council Tax Band - C +

Located on the outskirts of Halstead, heading towards Braintree, this 3-bedroom semi-detached house offers an ideal setting for those who want the convenience of town life with the charm of a more quiet environment.

The property has been adapted to meet the current owner’s needs, resulting in a layout that may not suit a traditional family home. However, with some reconfiguration and modernisation, this house has incredible potential to become a wonderful family property. It’s perfect for buyers looking for a project or the chance to put their own stamp on a property.

On the ground floor, the house features a living room, kitchen, wet room, utility room, storage area, and a ground-floor bedroom, which could also be used as an additional reception room. Upstairs, there are three bedrooms and a family bathroom.

The property benefits from a generous rear garden and overlooks a green area with parking nearby, offering a pleasant outlook. Sold with no onward chain, this home presents a fantastic opportunity to create your home.

Halstead is a pretty traditional market town 7 miles north of Braintree. The town has a wealth of shops, restaurants, cafes and interesting walks. With a population of over 11,000 Halstead has grown steadily and schools are of a high standard and the town boasts local health facilities including a hospital and medical centre

Agent Details

Leaders Sales, Halstead

01787 322229

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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